VICI Properties Inc. $VICI Stock Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lessened its holdings in VICI Properties Inc. (NYSE:VICI) by 8.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,003 shares of the company’s stock after selling 20,546 shares during the quarter. Kestra Advisory Services LLC’s holdings in VICI Properties were worth $5,145,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of VICI. Pathway Financial Advisers LLC lifted its position in shares of VICI Properties by 7.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 126,807 shares of the company’s stock worth $2,913,000 after purchasing an additional 8,298 shares during the period. Chicago Partners Investment Group LLC grew its stake in shares of VICI Properties by 1,196.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 238,360 shares of the company’s stock valued at $5,663,000 after buying an additional 219,976 shares during the period. Covestor Ltd grew its stake in VICI Properties by 65.9% in the third quarter. Covestor Ltd now owns 9,116 shares of the company’s stock valued at $209,000 after acquiring an additional 3,621 shares during the period. Ascent Group LLC increased its stake in VICI Properties by 36.5% during the 3rd quarter. Ascent Group LLC now owns 20,599 shares of the company’s stock valued at $473,000 after purchasing an additional 5,504 shares in the last quarter. Finally, 3Chopt Investment Partners LLC increased its position in shares of VICI Properties by 4.2% during the third quarter. 3Chopt Investment Partners LLC now owns 25,792 shares of the company’s stock worth $604,000 after acquiring an additional 1,049 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of VICI Properties from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Deutsche Bank set a $30.00 target price on VICI Properties in a research note on Friday, July 31st. Citigroup dropped their price target on shares of VICI Properties from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, November 5th. JPMorgan Chase & Co. cut VICI Properties from an “overweight” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a report on Thursday, September 24th. Finally, Cantor Fitzgerald lowered their price target on shares of VICI Properties from $32.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, November 4th. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.46.

VICI Properties Stock Down 0.6%

VICI stock opened at $24.79 on Friday. The company’s 50 day moving average is $23.96 and its 200 day moving average is $26.80. The stock has a market cap of $27.29 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 1.99 and a beta of 0.64. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.57. VICI Properties Inc. has a 1-year low of $22.42 and a 1-year high of $30.83.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, October 28th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.41). VICI Properties had a return on equity of 8.10% and a net margin of 56.46%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. Sell-side analysts predict that VICI Properties Inc. will post 2.47 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a $0.46 dividend. The ex-dividend date was Thursday, September 17th. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a yield of 7.4%. VICI Properties’s dividend payout ratio is presently 84.40%.

VICI Properties Company Profile

VICI Properties Inc. is a real estate investment trust that owns experiential properties, with a portfolio focused primarily on casinos and other gaming-related destinations. Its properties include gaming facilities, hotels, restaurants and entertainment venues. The company leases its properties to operators under long-term agreements, generally structured as triple-net leases, in which tenants are responsible for expenses such as property taxes, insurance and maintenance. VICI also owns golf courses and other leisure-related properties.